FX.co ★ Top 10 China’s cities with strongest private consumption

Shanghai

Shanghai is recognized as the leader in private consumption. One of the most populated cities in the world and China is a financial and commercial hub. Like many other regions in China, Shanghai is going through a construction boom. The modern architecture of Shanghai is marked by an exquisite design. One of the most spectacular landmarks is the 128-story Shanghai Tower, the tallest skyscraper in China and the second one in the world.

Beijing

Beijing, China’s capital city, ranks second in the top 10. It has the busiest railway and motorway networks as well as the key international airport. Moreover, Beijing is seen as the political, educational, and cultural center of China. Recently, the capital city has become a favorite place of entrepreneurs where their innovative business ideas are successfully implemented.

Guangzhou

Guangzhou is the bronze medalist in terms of the highest private consumption. It is the capital of Guangdong Province and also the political, economic, scientific, educational, and logistic hub in Southern China. Guangzhou is the third densely populated city in China. It contains a great deal of textile factories which produce clothes from silk, cotton, and man-made fibers. Apart from the clothing industry, the city has highly-developed heavy industry such as shipbuilding and machinery. Some factories produce home cleaning chemicals, sports equipment etc.

Chóngqìng

Chóngqìng is the fourth on the list of the cities with the strongest purchasing power. The major city in the central part of China plays a vital role in domestic commerce. The leading branches in the city’s economy are the chemical and metalworking industries as well as motor vehicle production. The metropolis is known for its three huge plants producing steel, iron, and aluminum.

Wǔhàn

Wǔhàn is on the fifth line of the rating. The capital and the largest city of Hubei province is also the most densely populated area in Central China. As a result of generous investment, the construction boom is in full swing here. A lot of stunning skyscrapers have been built in the city. The tallest of them is 68-story Minsheng Bank Building. The construction of Wǔhàn Greenland Center, the 125-story skyscraper, is still in progress, but it is going to be one of the five tallest buildings in the whole China.

Chengdu

The sixth place goes to Chengdu, a metropolis in Southwest China. It is one of the most important economic, financial, commercial, cultural, transport, and scientific centers. The manufacturing sector sets the tone for the city’s diverse economy. The key industries in Chengdu are food production, machinery, medical equipment, and hardware production.

Shenzhen

Shenzhen is rated as the seventh city with the most solvent population. It is situated in Guangdong, southern China’s province at the border with Hong Kong. The metropolis owes its prosperity to massive foreign and public investment. This industrial, financial, and transport hub is a thriving city with a competitive economy. The port of Shenzhen handles a record volume of exports. No wonder, the metropolis offers lucrative opportunities for investment and innovative projects.

Nánjīng

The eighth rank on the list is given to Nánjīng. It used to be the capital of China for centuries until 1949. At present, it is the capital of Jiangsu province and also a powerful port on the Yangtze River. The city contains lots of modern enterprises in machinery, metal production, intelligent equipment manufacturing, truck making, chemical, textile, and food industries. Nánjīng has a highly developed transport system and a large river port. There are five bridges running long kilometers and also a motorway tunnel under the Yangtze River.

Sūzhōu

The ninth place on the list is occupied by Sūzhōu. This prefecture-level city is situated in Jiangsu Province on the bank of the Yangtze River. The city’s economy is based mainly on manufacturing silk, cotton, chemicals, and food industry. Su zhou textile co ltd is the largest textile factory of China. No wonder, the demand for residential property is buoyant in Sūzhōu. Its tallest landmark is a 68-story skyscraper called Gate to the East. However, the municipality does not rest on its laurels constructing Sūzhōu Zhongnan Center which is going to be second megatall skyscraper in Mainland China.

Tiānjīn

Tiānjīn rounds out the top 10 China’s cities with robust purchasing power. Its population exceeds 14 million people. The urban area is the third largest metropolis in Mainland China. Tiānjīn is recognized as the leading industrial base in the country. The key industries are petrochemical and textile production, car manufacturing, and metalworking. Moreover, Tianjin Municipality has deposits of about 1 billion tons of petroleum which were extracted mainly from Dagand oilfield.